Sunday, November 12, 2006

Why "Globalization" Is A Pipe Dream...

Most migrants turn up their noses at Mexican factory jobs, which typically pay unskilled workers less than 120 pesos ($11.30) a day. Migrants know that they can earn five or six times as much just across the border in the United States. Mexican companies say they can’t afford to raise their wages because they are competing with assembly plants in China and India, where the pay is even lower.

It's called the race to the bottom folks, and in this race we all lose.